PROPERTY MANAGEMENT GES-MAR INC.

- Screening of tenants

- Credit checks

- Negotiation of leases and renewals

- Collection of rents

- Rental follow-up

- Advertising : preparation, booking, follow-up

- Computerized services :

• Lease management

• Bookkeeping

• Accounts receivable and payroll

• Budget preparation

• Interim financial statements

- Annual Audit

- Turnaround of buildings difficult financial situations

- General administration :

• Relationship with owner

• Preparation of material and documentation for joint meetings

• Follow-up on the execution of the owner's instructions and/or policies

- Legal :

• Representation and attendance at the Rental Board

• Preparation of cases for the Rental Board

• Follow-up on Rental Board decisions

• Drafting of special rules and regulations for tenants

• Review of municipal tax assessments and filing of opposition to these of necessary

- Development of preventive maintenance programs

- Planning for building appreciation and increase in profitability

- Planning and monitoring of maintenance and renovation projects

- Supervision of daily maintenance

- Weekly physical inspection

- Inspection of each apartment before rental

- Solicitation of bids and negotiation of contracts for minor projects

- Analysis of bids for major projects with outside consultants if necessary

-24-hour availability for emergencies

- Establishment of revenue objectives

- Preparation of strategy to attain objectives

- Analysis of surrounding area rental market

- Development of rental strategy

- Reduction of annual turnover of tenants

- Daily follow-up on lease renewals

- Evaluation of services offered vs apartment pricing

- Control and assessment of each expense item

- Operating Budget :

• Estimate of revenues and expenses

• Discussions with owner

• Monthly follow-up and joint meetings

- Budget for major projects :

• Discussion with and approval by the owner

- Capital budget :

• Analysis of major expenses for the upgrading of the property

• Negotiations with creditors if additional financing is required

- Monthly Stewardship Report :

• Balance sheet

• List of accounts payable and rents receivable

• Progress report on major projects

• Operating statement

- Cash Management :

• Bank reconciliation

• Authorization and signature of cheques

• Payment of invoices

• Payroll

• Collection of rents

• Dealing with creditors

• Monitoring of expenses

- Income Taxes :

• Preparation of annual tax receipts for tenants

- Consultation on the acquisition and sale of income

- Producing properties

- Mortgage negotiations for renewals

- Search for new mortgage financing

- Personnel :

• Hiring-Training (rental-maintenance-administration)

• Daily follow-up

• Salary negotiation

• Weekly evaluation

• Dismissal and replacement of personnel

- Insurances :

• Negotiation of terms and conditions of premium at maturity

• Payment of premiums

-  Security and maintenance of common areas : elevators, garages and parking,…

- Assessment and monitoring of snow removal and landscaping contracts